Federal Reserve Approves Capital Surcharges for Nation's Largest Banks

Yesterday (Monday), the U.S. Federal Reserve System approved a rule to require the nation's largest banks to hold a larger capital buffer.

These "capital surcharges" are in addition to the 7% capital requirements set forth in the Basel Accords in 2010.

There are two takeaways from this action....

Tags: Big Bank Stocks, capital surcharge, capital surcharges, Federal Reserve, Federal Reserve System, Financial Crisis, global financial crisis, NYSE: JPM, The Fed, U.S. federal reserve

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